Skip to main content

About your Search

20100219
20100219
Search Results 0 to 18 of about 19 (some duplicates have been removed)
CNBC
Feb 19, 2010 6:00am EST
't paying attention. my lead of the bernanke speech was discount rate to be hiked. my lead on the minutes was -- >> it sounds like -- >> let me finish, melissa, just be clear, my sources are telling me in the wake of this that the concept there's another bit to come is not necessarily true. they may stop here. so the idea that somehow they're just beginning this process of going back to 100 over on the fed funds is not true. it's out there in a lot of stuff. they may stop here. >> rich bernstein -- >> i want to ask both of you. do you think fed funds december 31, 2010 will be higher than they are today? >> well, let me answer that question and put it back to you. the typical forecast, is that the unemployment rate will be 9.5% or higher. also, that the inflation rate over the last year will be 1 to 1.25%. i have to ask you if you think at that point the fed would begin to tighten? you tell me. >> first of all, i think the bond market will -- i don't think the bond market looks at core. i hate to argue with on you this one, but if we find the inflation rate starts breaking 3, 3.5, we break
PBS
Feb 18, 2010 7:00pm EST
" lending now that financial market conditions are improving. >> tom: so what are ben bernanke and company thinking? where does the fed go from here? and what does it mean for the cost of credit? we get some insight from a fed watcher and a market pro. you're watching "nightly business report" for thursday, february 18. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening, everyone. the federal reserve took the first step today to bring the banking system back to normal. right after the market close, the fed announced it's raising the interest rate it charges banks by a quarter of a percentage point. >> tom: susie, the so-called "discount rate" is used by banks for emergency loans, and was cut drastically during the financial crisis. the fed raised that rate today, saying in a statement it's time to "normalize" lending now that financial market conditions are improving. >> susie: tom, the fed's move sounds
CNBC
Feb 19, 2010 5:00am EST
was widely expected. ben bernanke came out last week saying a hike was coming, but many economists thought that the fed would at least wait until the next policy meeting next month. and in its statement, the fed says that the economic outlook does remain the same, reiterating that the benchmark rate will sustain for a period and that was echoed by the atlanta fed president, st. louis fed president and fed funds futures are pricing in a 25% chance of a rate hike by the end of the year. checking shares of u.s. bank in frankfurt, down across the board with citi lower, 1.4%. morgan stanley down 2.7%. ross. >> yeah. meanwhile, nicole, european stock markets ahead of the u.s. open, they've short of taken it mostly in their stride. we've had a sunny bit of green on the board this morning. we've dipped down slightly, off about .25% for the ftse 100. a little more for the german and french markets. smi, as we heard earlier, really good numbers from nestle, talking about growth in asia, so doing all the sort of things that james bev aan next to me likes. and the dollar has come off the highs on the
WETA
Feb 18, 2010 11:30pm EST
to believe the date when ben bernanke moves it off zero is getting closer. c i don't see anything in that data. we don't look like greece. we don't look like spain either. people are up because we have had good news. >> take note. the front end is being held by the fed at zero. and the concerns are starting to mount. what you're starting to see is the stheppening but the growth is not as strong as people indicated originally. >> that's not how i read the data. long-range dates went up today, the date that we are taping because the philly -- there was optimism not pessimism. >> we have 1.7 trillion in the market. interest rates do not go up, which i think is a totally unrealistic assumption over time based on the sides deficits that we're talkingng about. >> and banked on what bernanke -- >> we can debate how quickly and fast but here is the key. even if they don't go up, the single largest line item in the federal budget within 12 years will be interest on the federal debt. larger than defense. larger than medicare. larger than social security. what do weit get for that? nothing.
CNBC
Feb 19, 2010 1:00pm EST
'll see what fed chairman ben bernanke has to say on tuesday and wednesday. he may shed a little more light on what the fed's policy actions yesterday and what they may be in the coming weeks and months. >> alex, what do you expect next week from bernanke and what do you think the reaction will be? >> it's two different things. i expect him to do nothing. what i would hope he does is raise rates. in the energy market you have a complete disconnect between fundamentals and price. if you look at the amount of crude, heat and gasoline in storage, we're at absurdly high levels but the price is also ridiculous and it's ridiculous because the dollar is so weak. so unless he does something and does what he should do you'll have crude continue to just drag itself higher with a weakening dollar and that's an unfortunate thing because it really doesn't help anybody. >> where do you think, alex, prices are going to be at memorial day on oil? >> i think what's going to happen is that i'm tending to fight this. i think that they want to push it towards $80 but i think it runs out of gas around the
WETA
Feb 19, 2010 6:30pm EST
garzarelli, president of garzarelli capital. wednesday, federal reserve chairman ben bernanke testifies on capitol hill about the state of the economy. and monday, we charge ahead with new credit card rules. they go into effect that day, so we look at how they'll affect the bottom line of banks. >> susie: profitability was not a safe bet for nevada casinos last year. casinos posted their biggest- losses ever. the state's gaming board says the industry lost nearly $7 billion in fiscal 2009. more than half of that-- $4 billion-- was in properties along the las vegas strip. the only bright spot, from a financial standpoint: people drank more! alcohol sales rose 2%, while revenue tied to casinos, rooms and food, all dropped. >> tom: a month after toyota's massive gas pedal recall announcement and we're learning just how busy some auto repair shops have been. two large toyota dealers, auto nation and penske auto group have fixed more than 17,000 toyotas each. penske says the accelerator problems cost $70 to fix. that's the cost to toyota. so based on penske's assessment, toyota may spend up
CNBC
Feb 19, 2010 12:30pm EST
bernanke telegraphed it perfectly in his letter. i think we were a little surprised by the timing of it. i think we all know now that when he says he'll do something we probably shrnt wait around for it. the yield curve hasn't gotten steep as people try to figure out when it will occur and when the fed will move. expect the entire afternoon, all day yesterday and last night with dudley, saying it was want about monetary policy, and i think that's probably right, but it does put people on guard to pay closer attention. >> it's sort of like putting the genie back in the bolt at this point. >> kurt snis kurt snis. >> yes? >> walk us through what was going on at blackrock. this morning you sat together and thought about what will be the outlook for the interest rates and the rest of this year. what came out of your meeting based on last night's action? >> our general view is we'll be range bound. the market is looking for a lot higher rates and you can see it in forward yields in the market. you have the ten-year trading around 380. if you buy forra an 11-year treasury and finance it for a yea
CNBC
Feb 19, 2010 9:00am EST
. the fed was very clear about that in its statement. ben bernanke was very clear about that. we have to take them at their word. banks are still nursing a lot of wounds. >> they can say that all they want but the truth is rates are going to go up. for most americans that is the most important rate. >> well, so, they're not expecting a big increase in mortgage rates actually. when they stop buying mortgages in march. and to the extent that mortgage rates do go up, you know, think if anything it gives them less of an inclination to raise the fed fund rate further down the road. if you ask me, the odds of a feds fund rate increase later this year have actually gotten down in the last 24 hours and gone up because the number was soft. the soft cpi number means the dove have a strengther hand. they're saying we've got to keep rates low for a long time. the feds said this technical discount rate did not change the broader view of where the financial system and the economy are. >> can you explain why, then, they did this in an emergency way? they have this meeting where they make this decisi
FOX News
Feb 19, 2010 2:00am EST
sanguine about this is ben bernanke. there are a lot of talking heads saying deflation. i worry about the guy saying greenspan's policies had nothing to do with the situation we're in now. scary. >> glenn: so steven, how much, how much did inflation rise up today? >> the inflation rate? >> yes. charles probably knows the number. >> 1 hadn'1.4. >> that's troubling. we're starting to see increase creep in. we learned you can't stop it from growing. >> 1 hadn't 4. that's for producers. they can't pay more without passing on the price. >> correct. >> glenn: 1.4, they said it was annualized interest rate. 16% or something -- did you see that? >> no. but it's starting to creep up. >> glenn: do you have that, steven, do you know what i'm talking about? >> ultimate multiply it by 12. if we kept it up for 12 months. >> glenn: correct. you have inflation coming up. the way to have inflation go down is to suck the money back, correct? >> correct. >> glenn: which means higher interest rate meaning what to the debt payment? >> service on the debt. this is the conundrum the government is in. you ma
NBC
Feb 19, 2010 11:00am EST
are definitely rae reacting today to the fed's move to discount banks. ben bernanke hinted last week it was coming, but economists thought the fed would wait until next month's meeting to do so. they did it yesterday after the bell. the fed says this won't impact rates for consumers. that's a key point and that the key benchmark rate will still stay at historic lows for quite a while. but even so, asian markets fell overnight. europe also lower. but like i said, we've turned things around. we've gotten some other data and pieces of news today. consumer prices rose 0.2% last month while the core rate, that's the one that's figured without food and energy, fell 0.1%. retailer jcpenney earned 84 cents a share for its latest quarter. that's 2 cents above the street estimate. so things are looking a little better for retail than what we had thought. and toyota's president now says he will testify at a congressional hearing next week. and that the automaker's gas pedal and brake recalls. akio toyoda says he looks forward to speaking directly with congress and the american people. you remem
CNBC
Feb 19, 2010 4:00pm EST
to think about the exit strategy. ben bernanke next week may have to tell us, again that they're going to have to pay reserves -- that they have to pay interest on bank reserves. not only are good things happening to the u.s. dollar from this hokiness from the u.s. but also as you said that next week was going to happen from greece. all of this talk about greece and no solution that means that the ecb has to stay where it is in terms of this liquidity. and then you've got the chinese, where they have to tighten interest rates and make things more tighter. that is not good for commodities and it's good for the u.s. dollar. and there was a lot of talk about the yield curves. don't only look at the long end of the curve. don't only look at the short end of the curve. look at things, like the ten minus the two. the yield spread. and once the spread begins to flatten and starts to turn down a little bit, that has always been for the dollar. >> all right, so you're going to be buying dollars even at this level, then, even though we have seen this move, a said that the commodities could be po
HLN
Feb 19, 2010 6:00am EST
closed yesterday. investors did have time to digest the news. the chairman of the fed ben bernanke basically telegraphed all this. he said that he was going to essentially be pushing up rates, tightening policy last week when he spoke before congress. analysts say the increase in the increase rate indicates that the fed is winding down a series of extraordinary programs it put in place to ease the economic crisis. so, in other words, the crisis is over. the rate increase is not going to directly affect borrowing costs for consumers and most businesses, but, as you see, it's putting the stock market under a little bit of pressure. right now we've got the dow off a little more than 27 points. also under pressure, shares of dell, the computer giant, reported disappointing fourth quarter earnings. sales rose during the holiday season, but those sales were cropped up by steep discounts that did cut into the company's bottom line. finally, well, the saints came marching in to the nyse this morning. three members of the super bowl champion new orlean saints rang that opening bell, looks l
MSNBC
Feb 19, 2010 6:00am EST
decades. he made money too cheap. a lot of people want to put bernanke on mt. rushmore because he's making money cheap and guiding us through this crisis. >> it does raise us to this issue. rates were so low under alan greenspan was part of the problem and then we had this giant bubble and the bubble burst. instead of letting the bubble go back to flat we've been huffing and puffing by printing more money and trying to help everybody and make it easier to try to keep it inflated a little bit. it has so many holes in it will go down here at some point. >> you're right. all right. international superstar erin burnett. how many points exactly is the market going to go up m. >> i hate this. >> we'll see if it turns around by the end of the day. we'll have a lower open. i'll make it up. up plus 30. >> wrong. up 72. erin burnett, thank you. >> have a good weekend, guys. >> that's all i got. thank you for being with us, erin. that $100 that you have, it's worth about $72 now. >> mika stole it back. typical democrat taking your money. >> she's liberal. all right. coming up, new overnight developme
Search Results 0 to 18 of about 19 (some duplicates have been removed)